protocols
/protocols1666
a place to discuss protocols and protocol design
"We can create rules that allow for a certain behaviour to emerge, and we can create rules that force a certain behaviour to vanish."
Wrote another banger in the latest Powerlaw Memo.
A system is not a system if it has only "for" rules, because then it is a free for all. And a system is not a system if it has only "against" rules, because then it is just a prison.
Wrote another banger in the latest Powerlaw Memo.
A system is not a system if it has only "for" rules, because then it is a free for all. And a system is not a system if it has only "against" rules, because then it is just a prison.
I wrote about some fundamentals of game design.
When you try to reconcile game state, the question always is what is the source of truth, and who should be allowed to control it?
Game developers and protocol enjoyers unite!
When you try to reconcile game state, the question always is what is the source of truth, and who should be allowed to control it?
Game developers and protocol enjoyers unite!
Need someone that understands git/citc to pressure test me
email is sufficiently decentralized & 4 clients together have 90% market share
sufficiently decentralized is a pretty low bar relative to that set by most crypto protocols
sufficiently decentralized is a pretty low bar relative to that set by most crypto protocols
I suggested a thought experiment to train the understanding of complex systems, which is essential for mechanism design. Latest Powerlaw memo was super fun to write and contemplate.
https://powerlaw.systems/memo-w46-nov-2024
https://powerlaw.systems/memo-w46-nov-2024
What do you guys think about this break down of what a web3 protocol can be defined as?
Anything to add / suggestions?
Planning to use this in one of our internal onboarding sessions..
Anything to add / suggestions?
Planning to use this in one of our internal onboarding sessions..
The thread unfolding underneath the cast below has so many great takeaways regarding protocol design and protocol communication.
The true value of Farcaster is hidden in those threads were the few truly curious engage to explore new ideas together. In particular, we explain Uvio's dual-step decision making process.
I realize that everyone I talk to about information markets has the same first emotional reaction: token weighted voting does not work. Yes, you are right, and that is also why Uvio is not doing token weighted voting. On Uvio Information Markets you stake on opinions and vote on real outcomes, that is why it is dual-step. This is not Futarchy, because Uvio actually works.
I would love to ask every mechanism designer here to find a flaw in Uvio's dual-step decision making process. I dare you with all the love in my heart!
The true value of Farcaster is hidden in those threads were the few truly curious engage to explore new ideas together. In particular, we explain Uvio's dual-step decision making process.
I realize that everyone I talk to about information markets has the same first emotional reaction: token weighted voting does not work. Yes, you are right, and that is also why Uvio is not doing token weighted voting. On Uvio Information Markets you stake on opinions and vote on real outcomes, that is why it is dual-step. This is not Futarchy, because Uvio actually works.
I would love to ask every mechanism designer here to find a flaw in Uvio's dual-step decision making process. I dare you with all the love in my heart!
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xh3b4sd ↑
@xh3b4sd.eth·11:26 05/11/2024
The troll post in question below. 😅
Thanks for using the platform! When I saw it I wanted to engage but I am personally missing a bit of more reasoning behind this Claim that would allow me to participate on either side.
As it is right now it's a bit too dark for me to be reasoned with.
Feel free to propose more interesting Claims and please let me know if something doesn't work or if there is something that we should implement.
Thanks for using the platform! When I saw it I wanted to engage but I am personally missing a bit of more reasoning behind this Claim that would allow me to participate on either side.
As it is right now it's a bit too dark for me to be reasoned with.
Feel free to propose more interesting Claims and please let me know if something doesn't work or if there is something that we should implement.
Theorem: Data availability and verifiability ensure the ability to fork networks (including existing web2 ones)
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EulerLagrangodamus - tevm/acc
@eulerlagrange.eth·23:13 13/10/2024
@androidsixteen.eth seems like @cdixon.eth sees understanding the historic dynamics of Internet companies is how you can predict how things play out.
If the zkTLS thesis (admittedly not fully validated yet) plays out how I’ve been yelling about, then it represents a black swan primitive.
It introduces the possibility of forking existing web2 networks. It reduces down to a product problem:
Can you build something compelling enough to get a-lot of users to login and exfiltrate their data.
If the zkTLS thesis (admittedly not fully validated yet) plays out how I’ve been yelling about, then it represents a black swan primitive.
It introduces the possibility of forking existing web2 networks. It reduces down to a product problem:
Can you build something compelling enough to get a-lot of users to login and exfiltrate their data.
One of the attributes of onchain protocols is the guarantee of permissionless access to a network. Is there a way to guarantee that without smart contracts?
Does git guarantee a similar quality and interoperability?
Does git guarantee a similar quality and interoperability?
🤡 Daily reminder: platforms will continue to treat third party developers like shit until we replace them with credibly neutral protocols
The web is missing native distribution, discovery, payments, and identity. We’ve hacked it together
We’re rebuilding this infra
We’re rebuilding this infra
Writing the Powerlaw memo for this week I remembered an oddly interesting moment realizing how wrong certain chicken-egg problem statements are framed.
People struggle with the notion of system inputs and system outputs, because those elements are likely multiple things, depending on a very specific context.
So I thought some of the protocol priests appreciate this little excerpt.
People struggle with the notion of system inputs and system outputs, because those elements are likely multiple things, depending on a very specific context.
So I thought some of the protocol priests appreciate this little excerpt.
Have you guys looked at Finternet ? I can do a large post if interested.
Finternet is similar to blockchain but takes regulators and governments in consideration to build digital, open, peer to peer protocol.
Finternet is similar to blockchain but takes regulators and governments in consideration to build digital, open, peer to peer protocol.
These protocols invading towns and disintermediating markets?
https://warpcast.com/perhats/0xaef70edb
Who the fuck does he think he is?
https://warpcast.com/perhats/0xaef70edb
Who the fuck does he think he is?
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I personally have never had much interest specifically in DeFi but it’s been insightful to get a little more familiar with Stellar and the value these types of protocols bring to the world.
A concise but detailed intro into the topic for those new to crypto by our very own @rileybeans
A concise but detailed intro into the topic for those new to crypto by our very own @rileybeans
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Boys club
@boysclub·21:02 09/09/2024
"In 2014, before Ethereum, before memecoins and NFTs, there was Stellar - an open-source payments protocol that brings permissionless financial access and services to the global South."
Read more on Stellar contributions to emerging market crypto adoption, including Money Gram cash on/off ramp integration, Decaf's impact in Colombia, and the Click Pesa debt fund for SMEs in Tanzania.
Written by @rileybeans
https://boysclub.medium.com/the-stellar-onchain-effect-real-world-impact-on-real-world-people-6f3c67057d8c
Read more on Stellar contributions to emerging market crypto adoption, including Money Gram cash on/off ramp integration, Decaf's impact in Colombia, and the Click Pesa debt fund for SMEs in Tanzania.
Written by @rileybeans
https://boysclub.medium.com/the-stellar-onchain-effect-real-world-impact-on-real-world-people-6f3c67057d8c
I want to write a paper titled: "Hashcash is all you need (to protect attention)"
Putting this prediction on the record: any decentralized, permissionless, open protocol that doesn't have some form of cryptoeconomic spam protection will devolve into SMTP fiefdom where only a few players end up as the defacto gatekeepers.
Putting this prediction on the record: any decentralized, permissionless, open protocol that doesn't have some form of cryptoeconomic spam protection will devolve into SMTP fiefdom where only a few players end up as the defacto gatekeepers.
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Autodesk and the like are all over the physical design ecosystem with antiquated tech migrating to the cloud
For the new players to win, they can’t continue being adversarial especially with the AI bets
Onchain mechanics can assist in aligning devs, users, and corps. 3D printing is a light entry way into upstream CAD as Physna has proven with Thangs. Playing with positioning @objects there first
For the new players to win, they can’t continue being adversarial especially with the AI bets
Onchain mechanics can assist in aligning devs, users, and corps. 3D printing is a light entry way into upstream CAD as Physna has proven with Thangs. Playing with positioning @objects there first
The main feature of Chainlink that keeps it going is outsourcing risk.
They charge insane fees (value extractive). The question is why wouldn’t big DeFi protocols internalize that functionality to capture more value?
It’s because of the risks in sourcing off chain data. Easier to let a specialized “protocol”
They charge insane fees (value extractive). The question is why wouldn’t big DeFi protocols internalize that functionality to capture more value?
It’s because of the risks in sourcing off chain data. Easier to let a specialized “protocol”
Love this thread from @corpetty
It's much easier to say "we'll decentralize later" rather than bite the bullet and decentralize now.
Farcaster, Status, IPFS, Swarm among others are still quietly building on that original p2p Bittorrent vision.
https://x.com/Corpetty/status/1828069937602019731
It's much easier to say "we'll decentralize later" rather than bite the bullet and decentralize now.
Farcaster, Status, IPFS, Swarm among others are still quietly building on that original p2p Bittorrent vision.
https://x.com/Corpetty/status/1828069937602019731
